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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 662 $ 53
Accounts receivable, net of allowance for doubtful accounts:    
Oil and natural gas 227 220
Joint operations and other 241 238
Derivative instruments 135 4
Prepaid costs and other 39 31
Total current assets 1,304 546
Property and equipment:    
Oil and natural gas properties, successful efforts method 19,710 18,476
Accumulated depletion and depreciation (7,904) (7,390)
Total oil and natural gas properties, net 11,806 11,086
Other property and equipment, net 234 216
Total property and equipment, net 12,040 11,302
Funds held in escrow 60 43
Deferred loan costs, net 15 11
Intangible asset - operating rights, net 24 24
Inventory 14 16
Noncurrent derivative instruments 90 0
Other assets 44 177
Total assets 13,591 12,119
Current liabilities:    
Trade 26 28
Revenue payable 129 132
Accrued drilling costs 446 359
Derivative instruments 0 82
Other current liabilities 165 152
Total current liabilities 766 753
Long-term debt 2,741 2,741
Deferred income taxes 1,212 766
Noncurrent derivative instruments 0 96
Asset retirement obligations and other long-term liabilities 143 140
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 authorized; 149,314,618 and 146,488,685 shares issued at June 30, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 7,108 6,783
Retained earnings 1,686 884
Treasury stock, at cost; 591,650 and 429,708 shares at June 30, 2017 and December 31, 2016, respectively (65) (44)
Total stockholders' equity 8,729 7,623
Total liabilities and stockholders' equity $ 13,591 $ 12,119